21st Century Problem Solving: Shoot the Messenger

Here’s a dilemma: You manage a public employee pension plan and your actuary tells you it is significantly underfunded. You don’t want to raise contributions. Cutting benefits is out of the question. To be
honest, you’d really rather not even admit there’s a problem, lest taxpayers get upset. What to do? For the administrators of two Montana pension plans, the answer is obvious: Get a new actuary.

Tip from the Instapundit.